2025-05-14T13:11:49-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2023-07-01 131623919 THE CALHOUN SCHOOL INC CALH 2124976500 433 WEST END AVENUE NEW YORK NY 10024 DOROTHY LAMONACA DIR OF FINANCE & OPERATIONS 2124976555 2025-05-14 1 0 JOHN TOSCANO P00358542 8605614000 2025-05-09 2023 2025-03-06 01:10:19Z CELESTE HERRERA 433 WEST END AVENUE NEW YORK NY 10024 41862227 0 X WWW.CALHOUN.ORG X 1941 NY THE CALHOUN SCHOOL IS A PROGRESSIVE, INDEPENDENT, COEDUCATIONAL, COLLEGE PREPARATORY SCHOOL WITH STUDENTS RANGING FROM THREE YEAR OLDS TO TWELFTH GRADE. 23 16 286 150 0 0 6364033 2328907 34323405 37975943 10203803 81608 0 427763 50891241 40814221 11740393 12253685 0 0 22125527 24410982 0 0 905782 8785459 10445219 42651379 47109886 8239862 -6295665 80165719 76584022 43634252 44313397 36531467 32270625 CALHOUN INSPIRES A PASSION FOR LEARNING THROUGH A PROGRESSIVE APPROACH TO EDUCATION THAT VALUES INTELLECTUAL PURSUIT, CREATIVITY, DIVERSITY AND COMMUNITY INVOLVEMENT. 0 0 34368693 12253685 37975943 CALHOUN'S GOAL IS TO INSPIRE A PASSION FOR LEARNING THROUGH A PROGRESSIVE APPROACH TO EDUCATION THAT VALUES INTELLECTUAL PURSUIT, CREATIVITY, DIVERSITY, AND COMMUNITY INVOLVEMENT. DURING THE 2024 FISCAL YEAR, THE SCHOOL ENROLLED APPROXIMATELY 624 STUDENTS. 34368693 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 69 0 1 286 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 23 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X DOROTHY LAMONACA 2124976555 433 WEST END AVENUE NEW YORK NY 10024 JON BRAYSHAW BOARD CHAIR 2.00 X X 0 0 0 JOHN WANG VICE-CHAIR 2.00 X X 0 0 0 KAREN GREENE SECRETARY 2.00 X X 0 0 0 TERRY HAAS TREASURER 2.00 X X 0 0 0 TIFFANIE CLAUDE-ONWUACHI TRUSTEE 2.00 X 0 0 0 LETISHA GARY TRUSTEE 2.00 X 0 0 0 LEIGH GERSTENBLATT TRUSTEE 2.00 X 0 0 0 JAMES GLASGOW TRUSTEE 2.00 X 0 0 0 SCOTT HIRSCH TRUSTEE 2.00 X 0 0 0 ANDREA HSU TRUSTEE 2.00 X 0 0 0 JENNIFER KURLAND TRUSTEE 2.00 X 0 0 0 WALTER LEVITCH TRUSTEE 2.00 X 0 0 0 ANDREW MERELIS TRUSTEE 2.00 X 0 0 0 EDWARD NEWMAN TRUSTEE 2.00 X 0 0 0 ALEXEI NICHOLS TRUSTEE 2.00 X 0 0 0 KERN SCHIERSON TRUSTEE 2.00 X 0 0 0 MARGARET SPENCER TRUSTEE 2.00 X 0 0 0 CHRISTINE TAYLOR TRUSTEE 2.00 X 0 0 0 KEN VIDAL TRUSTEE 2.00 X 0 0 0 THOMAS VITIELLO TRUSTEE 2.00 X 0 0 0 ZOE VLACHOS TRUSTEE 2.00 X 0 0 0 FRED WANG TRUSTEE 2.00 X 0 0 0 COURTNEY WOLFF TRUSTEE 2.00 X 0 0 0 STEVEN SOLNICK HEAD OF SCHOOL 40.00 X 755325 0 60983 VICTOR CATANO CHIEF FINANCIAL OFFICER 40.00 X 268916 0 52038 ERIC OSORIO ASSOCIATE HEAD OF SCHOOL 40.00 X 225211 0 30310 MARY MCCARTY DIRECTOR OF DEVELOPMENT 40.00 X 201869 0 30570 DANIEL ISQUITH DIRECTOR OF UPPER SCHOOL 40.00 X 197235 0 29897 ANDREW HUME DIRECTOR OF ENROLLMENT 40.00 X 179387 0 24730 LISA BIANCHI MERRITT DIRECTOR OF COLLEGE COUNSELING 40.00 X 177070 0 41275 2005013 0 269803 59 0 1 0 AFFINECO LLC PO BOX 24201 NEW YORK NY 10087 FACILITIES PERSONNEL 943432 BALDOR SPECIALTY FOODS INC PO BOX 5411 NEW YORK NY 10087 FOOD SUPPLIES FOR FOOD SERVICES 316627 TRANS AMERICA TRANSPORT INC 137-46 70TH ROAD QUEENS NY 11367 STUDENT TRANSPORTATION: TRIPS &ATHLETICS 211724 NEW YORK BOILER INC 5885 PRESTON COURT BROOKLYN NY 11234 BOILER MAINTENANCE 196455 ALLIED UNIVERSAL SECURITY SERVICES PO BOX 828854 PHILADELPHIA PA 19182 SECURITY 182775 10 487930 514175 1326802 210713 2328907 TUITION AND FEES 611710 37387574 37387574 AFTERSCHOOL PROGRAMS 611710 543312 543312 OTHER INCOME 611710 45057 45057 37975943 327622 327622 650000 896014 -246014 -246014 -246014 119755 487930 151992 -32237 -32237 INSURANCE SETTLEMENT 900099 460000 460000 460000 40814221 37975943 0 509371 12253685 12253685 1165599 166525 832549 166525 17817059 11804987 5573232 438840 890359 591674 276690 21995 3103214 2449597 597376 56241 1434751 905498 495592 33661 56177 56177 148065 148065 35935 35935 59783 59783 1613743 1290994 322749 845752 845752 2210021 1768017 442004 289105 289105 DEPARTMENTAL EXPENSES 4640548 2700844 1751184 188520 FOOD SERVICE 546090 436872 109218 47109886 34368693 11835411 905782 1915015 4123470 1411303 288468 863169 16925 175149 129221 399647 272978 84725967 32217914 54716575 52508053 16143202 18444612 4541659 800295 80165719 76584022 2463376 4224646 9684251 8878336 31486625 31210415 43634252 44313397 X 21697171 16342951 14834296 15927674 36531467 32270625 80165719 76584022 X -6295665 2636648 -601825 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14729181 1171745 2681230 650000 17932156 13459259 122692 1707230 560000 14729181 18656449 652756 -2368864 3481082 13459259 15195695 407738 3575831 522815 18656449 16158927 585881 37560 1586673 15195695 0.11260 0.88740 0.00000 0 0 6237227 6237227 74103538 28202953 45900585 4385202 4014961 370241 52508053 X 30559424 2636648 -12855510 -10218862 40778286 35935 35935 40814221 34820266 0 34820266 35935 12253685 12289620 47109886 PART X, LINE 2: THE SCHOOL IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE SCHOOL RECORDS LIABILITIES FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN WHEN THOSE POSITIONS ARE DEEMED UNCERTAIN TO BE UPHELD IN AN EXAMINATION BY TAXING AUTHORITIES. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED AS OF JUNE 30, 2024. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -12,253,685. UNCOLLECTIBLE PLEDGE -601,825. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 12,253,685. PART V, LINE 4: THE SCHOOL'S ENDOWMENT GENERATES A PREDICTABLE STREAM OF REVENUE THAT HELPS FUND ITS PROGRAMS, AS WELL AS FUND FINANCIAL AID. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL IS A MEMBER OF THE INDEPENDENT SCHOOLS ADMISSIONS ASSOCIATION OF GREATER NEW YORK (ISAAGNY). ISAAGNY PUBLISHES ITS RACIALLY NON-DISCRIMINATION POLICY, LISTING EACH MEMBER SCHOOL, EACH YEAR IN THE NY METRO DAILY NEWSPAPER. THE POLICY IS ALSO POSTED ON THE SCHOOL'S WEBSITE. SCHEDULE E, PART I, LINE 6 THE SCHOOL RECEIVED $514,175 OF GOVERNMENT FUNDING FROM THE NEW YORK STATE DEPARTMENT OF EDUCATION. ANNUAL BENEFIT 607685 487930 119755 98395 53597 607685 487930 119755 98395 53597 151992 -32237 1 FINANCIAL AID PROVIDED TO STUDENTS 249 12253685 FMV TUITION REDUCTION PART I, LINE 2: THE CALHOUN SCHOOL'S FINANCIAL AID COMMITTEE REVIEWS PARENT FINANCIAL STATEMENTS, INCLUDING INDIVIDUAL TAX RETURNS, AND AWARDS STUDENTS SCHOLARSHIPS ON THE BASIS OF FINANCIAL NEED. X 1 1 X X X 0 0 0 0 0 0 0 1 0 STEVEN SOLNICK HEAD OF SCHOOL 584551 0 500 0 170274 0 26000 0 34983 0 816308 0 0 0 VICTOR CATANO CHIEF FINANCIAL OFFICER 268416 0 500 0 0 0 18305 0 33733 0 320954 0 0 0 ERIC OSORIO ASSOCIATE HEAD OF SCHOOL 224711 0 500 0 0 0 17880 0 12430 0 255521 0 0 0 MARY MCCARTY DIRECTOR OF DEVELOPMENT 201369 0 500 0 0 0 15188 0 15382 0 232439 0 0 0 DANIEL ISQUITH DIRECTOR OF UPPER SCHOOL 196735 0 500 0 0 0 17996 0 11901 0 227132 0 0 0 LISA BIANCHI MERRITT DIRECTOR OF COLLEGE COUNSELING 177070 0 0 0 0 0 14287 0 26988 0 218345 0 0 0 ANDREW HUME DIRECTOR OF ENROLLMENT 178887 0 500 0 0 0 13322 0 11408 0 204117 0 0 0 PART I, LINE 1A THE SCHOOL PROVIDED ADDITIONAL BENEFITS TO ITS HEAD OF SCHOOL INCLUDING THE FOLLOWING: HOUSING ALLOWANCE AND DEPENDENT EDUCATION ALLOWANCE. THESE ARE INCLUDED AS OTHER REPORTABLE COMPENSATION IN PART II, COLUMN (B)(III). PART I, LINE 7 THE HEAD OF SCHOOL AND CERTAIN EMPLOYEES RECEIVED DISCRETIONARY BONUSES, AS APPROVED BY THE BOARD AND THE HEAD OF SCHOOL, RESPECTIVELY. A BUILD NYC RESOURCE CORPORATION 454040561 2020-12-30 32535000 REFINANCE 2013 BUILD NYC RESOURCE CORP LOAN 0 0 0 B BUILD NYC RESOURCE CORPORATION 454040561 2015-09-25 17000000 CONSTRUCTION OF SCHOOL BUILDING 0 0 0 A 4938191 32535000 213019 2023 1 0 1 1 B 12125000 17000000 209602 340000 8774674 7885326 2016 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 A 1 B 1 461000 NEED-BASED FINANCIAL AID EDUCATION X 20 90958 AVE VALUE ON GIFT DATE X MISC DONATIONS FOR ANNUAL BENEFIT 119 119755 FAIR VALUE 0 0 1 1 PART I, COLUMN (B): THE AMOUNT REPORTED IN PART I, COLUMN (B) REPRESENTS THE NUMBER OF ITEMS CONTRIBUTED DURING THE YEAR. PART I, LINE 32B: AN AUCTIONEER WAS HIRED WITH FIXED FEE FOR THE ANNUAL BENEFIT EVENT. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL CONSIST OF THE OFFICERS OF THE CORPORATION, THE HEAD OF SCHOOL, AND UP TO TWO TERM TRUSTEES. THE EXECUTIVE COMMITTEE MAY EXERCISE ALL THE POWERS OF THE BOARD BETWEEN MEETINGS OF THE BOARD, EXCEPT AS OTHERWISE PROVIDED BY LAW, AND WITH RESPECT TO THE HIRING AND/OR TERMINATION OF THE HEAD OF SCHOOL. THE EXECUTIVE COMMITTEE SHALL CAUSE A WRITTEN REPORT OF ITS ACTIONS TO BE MADE AND TRANSMITTED TO THE BOARD BEFORE THE NEXT MEETING OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FULL BOARD IS GIVEN A COPY OF THE FORM 990 AND RELATED SCHEDULES FOR THEIR REVIEW. QUESTIONS AND COMMENTS FROM ANY TRUSTEE ARE ADDRESSED PRIOR TO THE SUBMISSION OF THE FORM 990 TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL HAS A CONFLICT OF INTEREST POLICY THAT IS SIGNED ANNUALLY BY KEY EMPLOYEES AND MEMBERS OF THE BOARD OF TRUSTEES. ALL SIGNED POLICY STATEMENTS ARE RETURNED TO AND REVIEWED BY THE CFO AND AUDIT RISK COMMITTEE CHAIR. BOARD MEMBERS WITH CONFLICTS WILL BE RECUSED FROM VOTING ON ANY RELATED MATTERS. FORM 990, PART VI, SECTION B, LINE 15 THE SCHOOL HAS AN EXECUTIVE COMMITTEE WHICH SETS THE COMPENSATION FOR THE HEAD OF SCHOOL BASED ON COMPARABLE DATA FROM PEER INSTITUTIONS AND OTHER THIRD-PARTY SOURCES. THE HEAD OF SCHOOL SETS THE COMPENSATION FOR KEY EMPLOYEES ALSO BASED ON COMPARABLE DATA OBTAINED FROM PEER INSTITUTIONS AND OTHER THIRD-PARTY SOURCES. THE HEAD OF SCHOOL HAS A WRITTEN EMPLOYMENT CONTRACT SIGNED BY THE CHAIRMAN OF THE BOARD. THE PROCESS WAS LAST FOLLOWED IN OCTOBER, 2023. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS FORM 990 AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST, OR THE FORM 990 CAN ALSO BE OBTAINED THROUGH GUIDESTAR.ORG (NOW CALLED CANDID). THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE DISTRIBUTED INTERNALLY AND ARE NOT MADE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: UNCOLLECTIBLE PLEDGE -601,825. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.